SunEdison

About SunEdison

SunEdison Inc filed for Chapter 11 bankruptcy on April 21, 2016. The renewable energy company had been the largest solar developer in the world. SunEdison had grown through aggressive acquisitions funded by debt and yieldco structures. The company acquired Vivint Solar for 1.9 billion, a deal that investors warned was overpriced. SunEdison had 16.1 billion in assets, making it the largest bankruptcy of 2016. CEO Ahmad Chatila was fired. The yieldco structures, designed to provide cheap financing, became a liability when stock prices fell. SunEdison emerged from bankruptcy in 2017 as a smaller company. The case illustrated the risks of aggressive growth funded by complex financial structures in the renewable energy sector.